Finora Budget

Your mortgage, rebuilt around the questions you'd actually ask. A loan now opens by telling you how it's doing — On Track, Attention Needed or Action Required — then your next payment, the milestone you're heading for, and the one thing most worth doing about it. Everything else sits behind two clear places: Explore, which describes your loan, and Planning, which models a change you haven't made yet. Mortgage insurance now tells you when it ends. Finora tracks both ways PMI can go: when you're allowed to ask your lender to cancel it, and the later point where they must cancel it unasked. It shows what the premium costs you, what asking early would save, and what putting that money at the principal instead would do. The refinance calculator now compares honestly. It used to measure both loans over a fixed 10 and 30 years, billing your current loan for payments it will never make — so refinancing always looked cheaper than it is. It now compares each loan over the time it actually has left, and says plainly when a lower monthly payment would still cost you more overall. Equity answers where it came from: your down payment, what you've paid since, and what the home gaining value contributed — adding up exactly to what you own today. Plus roughly what you could borrow against it, and every milestone from dropping mortgage insurance to owning it outright. Refinanced before? Closing a loan now asks why, and a refinance links to the loan it replaced, so you can follow one home from its first loan to its current one. Also new: • Payment history itemises escrow into property tax, insurance and PMI, using what each actually was at the time you paid it • Tap the balance at the top of a loan to open the full payment schedule at your next payment • Loans open noticeably faster — the arithmetic now happens in the background instead of while the screen appears